Climate Change Data

Immobel

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Improved GRESB Environmental score from 40 to 47
  • Developed a "Global Energy Concept" for projects aiming for Net Zero Carbon, including renewable energies, rainwater harvesting, and circular material use.

Social Achievements

  • Improved GRESB Social score from 22 to 25
  • 100% of employees received ESG-specific training.
  • 100% employee satisfaction survey coverage with a 73% response rate.
  • Employee health & well-being program implemented.
  • Diversity policy implemented in 2020, aiming for 40% diversity at all management levels.

Governance Achievements

  • Improved GRESB Governance score from 21 to 24
  • ESG integrated into overall business strategy.
  • ESG SteerCo launched several workgroups (Carbon Neutrality, Biodiversity, Circular Economy, HR).

Climate Goals & Targets

Long-term Goals:
  • Net Zero Carbon

Environmental Challenges

  • Climate-related risks (transition and physical risks identified and assessed).
  • Social risks (identified and assessed).
Mitigation Strategies
  • Incorporated resilience into project design and construction to mitigate climate-related consequences.
  • Integrated environmental and climate-related risks into due diligence process.
  • Developed a strategy on climate change with actions for each project.
  • Implemented CRREM 1.5C scenario as part of the strategy to reduce carbon emissions.

Supply Chain Management

Responsible Procurement
  • ESG requirements for contractors and suppliers
  • Monitoring of contractors and suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extatropical storms
  • Flash floods
  • Hail
  • River floods
  • Storm surges
  • Tropical cyclones
  • Drought stress
  • Fire weather stress
  • Heat stress
  • Precipitation stress
  • Rising mean temperatures
  • Rising sea levels
Transition Risks
  • Increasing price of GHG emissions
  • Enhancing emissions-reporting obligations
  • Mandates on and regulation of existing products and services
  • Exposure to litigation
  • Shifts in consumer preferences
  • Stigmatization of sector
  • Increased stakeholder concern or negative stakeholder feedback

Reporting Standards

Frameworks Used: GRESB, EPRA Best Practice Recommendations in Sustainability Reporting, 2017, GRI Standards, 2016, TCFD Recommendations, 2017, European Sustainability Reporting Standards

Certifications: ISO 14001